Turaco

Inclusive insurance

Low income earners face multiple risks in their day to day lives and understand the value of insurance to protect themselves and their families, yet traditional insurers fail to serve them. Microinsurance start-up, Turaco’s mission is to free people from the fear of financial shocks by providing fast, simple and affordable insurance.

Turaco, which was founded in 2018, offers life and health insurance products distributed through partnerships. Using a subscription model, customers opt in for policies bundled with existing payments.

Turaco currently operates across Kenya, Uganda and Nigeria and is proud of its audacious goal to insure a billion people in the next 25 years.

2%

of people living in sub-Saharan Africa are insured

$2 a month

Lowest cost of Turaco premium

3k

claims paid by Turaco

100k

lives insured by Turaco

2020

Novastar leads Turaco’s seed round

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This website is issued by Novastar Ventures Limited, an investment manager authorized and regulated by the UK Financial Conduct Authority and registered in England and Wales: Company No 12230248 with registered office at 21-27 Lambs Conduit Street, London WC1N 3GS, United Kingdom. Throughout this website, Novastar’s work and team encompass both Novastar Ventures Limited and its investment advisors in Nairobi and Lagos.